3745-92-03
Amount of deposit.

The amount deposited in escrow shall be fifty thousand dollars
unless the cost of the completed community water system as estimated by the
engineer responsible for the design of the project is less than three hundred
thirty-three thousand three hundred thirty-three dollars, in which case the
amount deposited shall be fifteen per cent of the estimated cost. If the
project is for the construction of less than an entire system, the amount to be
used for this purpose is the aggregate amount of contracts for construction,
installation, or modification of that part of the system that will be affected
in the project. Whenever the executed contracts for construction, installation,
or modification of the system or part thereof, including increases due to
change orders, show a cost different from that of the above estimate, the total
amount deposited in escrow shall be increased or decreased so that it is not
less than fifteen per cent of the contract amount including increases due to
change orders, or fifty thousand dollars if such contract amount is three
hundred thirty-three thousand three hundred thirty-three dollars or more. No
work shall be performed under such contract when the amount in escrow is less
than the amount required to be deposited by this rule, without prior written
consent of the director.